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In August 2016: Avianca Holdings and its subsidiaries carried more than 2.5 million passengers

In August 2016: Avianca Holdings and its subsidiaries carried more than 2.5 million passengers

In August 2016, Avianca Holdings and its subsidiaries carried 2,578,691 passengers, a 2.8% increase over the same period in 2015

Bogota, September 21, 2016. In August, the subsidiary companies of Avianca Holdings S.A. (NYSE: AVH) (BVC: PFAVH) (*) transported 2,578,691 passengers, an increase of 2.8% compared to August 2015. Capacity, measured in ASKs (available seat kilometers), increased 2.8%, while passenger traffic, measured in RPKs (revenue passenger kilometers), increased 4.8%. The load factor for the month was 83.4%, an increase of 160 bps compared to the same period of 2015.

Domestic markets in Colombia, Peru and Ecuador In August, the subsidiary airlines of Avianca Holdings transported within each of these markets a total of 1,533,847 travelers, an increase of 2.2% compared to August 2015. Capacity (ASKs) increased 0.7% while passenger traffic (RPKs) increased 2.8%. The load factor for the month was 81.9%, an increase of 170 bps compared to the same period of 2015.

International markets In August, the affiliated airlines of Avianca Holdings transported 1,044,844 passengers on international routes, up 3.6% compared to August 2015, Capacity (ASKs) increased 3.4%, while passenger traffic (RPKs) increased 5.3%. The load factor for the month was 83.8%, an increase of 160 bps when compared to the same period of 2015.

Operational Statistics

Aug.-16

Aug-15

YOY

YTD 2016

YTD 2015

YOY

Avianca Holdings (Consolidated)

PAX (K)*

2,579

2,509

2.8%

19,395

18,689

3.8%

ASK (mm)**

4,052

3,941

2,8%

31,203

29,211

6,8%

RPK (mm)***

3,379

3,224

4,8%

29,941

23,345

6,8%

Load Factor****

83,4%

81,8%

1.6pp

79,9%

79,9%

0.0pp

Domestic Market

PAX (k)*

1,534

1,500

2,2%

11,669

11,265

3,6%

ASK (mm)**

835

830

0,7%

6,633

6,498

2,1%

RPK (mm)***

684

666

2,8%

5,198

4,966

4,7%

Load Factor****

81,9%

80,2%

1.7pp

78,4%

76,4%

2.0pp

International Market

PAX (k)*

1,045

1,009

3,6%

7,726

7,425

4,1%

ASK (mm)**

3,217

2,558

3,4%

24,570

22,712

8,2%

RPK (mm)***

2,695

2,558

5,3%

19,742

18,379

7,4%

Load Factor****

83,8%

82,2%

1.6pp

80,4%

80,9%

-0.5pp

*PAX: Passengers carried

**ASKs: Available Seat Kilometers

***RPKs: Revenue Passenger Kilometers

****Load Factor:Represents utilized seating capacity

The terms "Avianca Holdings" or "the Company" refer to the consolidated entity The original source-language text of this announcement is the official, authoritative version, Translations are provided as an accommodation only, and should be cross-referenced with the source-language text, which is the only version of the text intended to have legal effect.

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